“The $25,000 electric vehicle is coming, with big implications for the auto market and car buyers”

“From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit that was expanded last summer, followed by Tesla’s recent aggressive cost-cutting to gain more market share.

Look closer, and the work auto companies are doing themselves to refine EV technology — and, crucially, new manufacturing processes — loom as an even bigger deal. And that’s resulting in a series of newly-announced and coming-soon models that will make EVs much cheaper, and more mainstream, highlighted by Tesla’s first detailed public explanation of how its next-generation car due next year will come at a lower price tag, expected to start between $25,000 and $30,000…”

https://www.cnbc.com/2023/04/16/the-25000-ev-is-coming-with-big-implications-for-car-buyers.html

Making garbage cheaper won’t change much. EV’s will never take the place of gasoline vehicles. Listen, there’s not enough rare metals in the world for everyone to convert to them. No matter how much the powers that be push this it will fail. It was destined to fail to begin with.